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All Forum Posts by: Kim Hud

Kim Hud has started 10 posts and replied 58 times.

Post: Extended Stays | Long Term Vacation Rentals Does it Work?

Kim HudPosted
  • New to Real Estate
  • Virginia Beach
  • Posts 58
  • Votes 44

@Mark Futalan thank you for the recommendation

Post: Extended Stays | Long Term Vacation Rentals Does it Work?

Kim HudPosted
  • New to Real Estate
  • Virginia Beach
  • Posts 58
  • Votes 44

@Patti Robertson thanks for the pro tip on police scanners and information on the market

Post: New Investor| 1st time Investor | Eviction during COVID

Kim HudPosted
  • New to Real Estate
  • Virginia Beach
  • Posts 58
  • Votes 44

@Patti Robertson spoke with my realtor and I was wrong we are not evicting them. The tenants are on a month to month lease that says I can give them 30 days stating that I am not renewing their lease.

Once again I am doing an FHA 203k loan and my lender explained that we have 30 days from the close date to start construction and up to 6 months to finish construction. The contractors that are eligible for this loan also do not want to do the job piece meal nor do they want people living there during construction due to liability.

Post: Extended Stays | Long Term Vacation Rentals Does it Work?

Kim HudPosted
  • New to Real Estate
  • Virginia Beach
  • Posts 58
  • Votes 44

@Scott Westfall thank you for the article, great content, and the property is located in Chesapeake

Post: New Investor| 1st time Investor | Eviction during COVID

Kim HudPosted
  • New to Real Estate
  • Virginia Beach
  • Posts 58
  • Votes 44

@Jon Morgan no property manager. The first year I’m going to be the property manager.

In terms of your thoughts on eviction I hear what you are saying. There are two major reasons why the tenants need to vacate:

1. Doing an FHA 203k loan to gut and renovate the entire house

2. Tenants paying below market value rent

3. This will be my home too so I one of the units has to be vacant

Post: Extended Stays | Long Term Vacation Rentals Does it Work?

Kim HudPosted
  • New to Real Estate
  • Virginia Beach
  • Posts 58
  • Votes 44

@Taylor Hudgins never heard of that platform but thank you for recommending it!

Post: Extended Stays | Long Term Vacation Rentals Does it Work?

Kim HudPosted
  • New to Real Estate
  • Virginia Beach
  • Posts 58
  • Votes 44

@Paul Sandhu lol would think that they would be less psychotic

Post: Extended Stays | Long Term Vacation Rentals Does it Work?

Kim HudPosted
  • New to Real Estate
  • Virginia Beach
  • Posts 58
  • Votes 44

@Carolyn Fuller didn’t think of professors but that is good to know

Post: Extended Stays | Long Term Vacation Rentals Does it Work?

Kim HudPosted
  • New to Real Estate
  • Virginia Beach
  • Posts 58
  • Votes 44

@John Underwood what about 11+ days?

Post: New Investor| 1st time Investor | Eviction during COVID

Kim HudPosted
  • New to Real Estate
  • Virginia Beach
  • Posts 58
  • Votes 44
Originally posted by @Marita Jojo:

@Kim Hud we were in similar situation recently. After we closed we gave 30-45 days notice to end the lease but as per lease only 30 days were needed. Also, the tenants were not paying rent so gave 10 day notice filed eviction and got the possession.

@Marita Jojo Are you still in the process or is everything wrapped up?